Castlekeep Investment Advisors LLC Takes $808,000 Position in Lockheed Martin Corporation $LMT

Castlekeep Investment Advisors LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,586 shares of the aerospace company’s stock, valued at approximately $808,000.

A number of other institutional investors have also made changes to their positions in the business. Cerro Pacific Wealth Advisors LLC boosted its position in Lockheed Martin by 1.2% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after purchasing an additional 16 shares during the period. Garner Asset Management Corp increased its holdings in shares of Lockheed Martin by 0.9% in the fourth quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock valued at $839,000 after purchasing an additional 16 shares during the last quarter. Davis R M Inc. raised its position in shares of Lockheed Martin by 1.3% in the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after purchasing an additional 16 shares during the period. Aspire Growth Partners LLC raised its position in shares of Lockheed Martin by 0.7% in the fourth quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after purchasing an additional 17 shares during the period. Finally, Insigneo Advisory Services LLC lifted its stake in shares of Lockheed Martin by 0.6% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company’s stock worth $1,395,000 after buying an additional 17 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 1.3%

Shares of Lockheed Martin stock opened at $556.95 on Wednesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The firm has a 50-day moving average of $548.90 and a 200-day moving average of $574.52. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The stock has a market cap of $128.54 billion, a PE ratio of 20.53, a PEG ratio of 0.97 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the firm earned $1.46 earnings per share. Lockheed Martin’s revenue for the quarter was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 30.39 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.5%. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Analysts Set New Price Targets

Several brokerages recently commented on LMT. Citigroup lifted their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Royal Bank Of Canada increased their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a research report on Monday, July 27th. UBS Group restated a “neutral” rating and set a $581.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $632.39.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.